
How Anthropic locked in a US$900bn price tag

Anthropic has overtaken OpenAI on revenue, is days from a board decision on a US$900 billion valuation, and just secured a compute deal with its most vocal critic. Here's a rundown of its growth to-date: Sometime in the first week of April, a four-year-old lab most consumers have never heard of quietly passed the world's most recognised tech company on revenue. Anthropic - the San Francisco outfit behind the Claude model family - hit US$30 billion in annualised run-rate on April 7, edging past OpenAI's US$25 billion for the first time since ChatGPT launched in late 2022, a crossover analysts had pencilled in for August at the earliest. Going from US$1 billion in annualised revenue in January 2025 to $30 billion by April 2026 is a 30-fold expansion in 15 months - a growth arc that took Salesforce the better part of t Sources with direct knowledge of the financials put the actual figure closer to $40 billion, and a board decision on a ~$50 billion raise at a $900 billion valuation is expected this month - more than double the $380 billion set in February.Source: AzzetWhy the numbers keep climbingBehind every funding round is the same cost driver: silicon. Demand has been running ahead of Anthropic's processing capacit







